$BTC USD - BEARISH MOMENTUM IN PLAY, SHORT OPPORTUNITY


Trade Setup:
Entry Range: 75,848
Stop Loss: 75,896.9
TP1: 75,685.2
TP2: 75,631.5
TP3: 75,400
Bitcoin has shown a clear bearish movement after hitting a minor resistance at 77,176.4. The recent price action suggests that the downtrend is likely to continue, especially as the price broke below the previous support zone near 75,848. The market seems to be rebalancing at lower levels, with the 75,685 support zone as a key target. The stop loss is placed slightly above the recent resistance at 75,896.9 to capture any potential upside risk. Watch for price action at 75,685; a break below this level could open up further downside. Keep an eye on liquidity zones near 75,631.5 for potential reversals.
#WCTCTradingKingPK
BTC-0.62%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments